Search results for: adjusted

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A list of search results

  • 29 September 2015
    Business & Finance, Operations & Maintenance

    Norway’s Electromagnetic Geoservices (EMGS) said it will implement additional cost reduction measures reflecting the challenging market conditions in the oil service industry. The company has now implemented cost reductions on terms and conditions for sub-contractors and in staff levels. The key elements of the program are a reduction of the vessel capacity by one vessel, from three […]

  • 16 December 2015
    Business & Finance

    Statkraft AS will no longer invest in new offshore wind projects, the Norwegian utility said in its adjusted investment plan today. The Oslo-listed company said that the new investment plan was adjusted ”to balance the goal of profitable growth within renewable energy with Statkraft’s financial solidity.” “Offshore wind power is capital intensive. The reduced financial terms […]

  • 8 July 2010

    In the Interim Management Statement on 12 May 2010, A.P. Møller – Mærsk A/S announced that a profit for 2010 was expected – an improvement compared to the previous expectations on 4 March 2010 of a modest profit. The improvement of especially the container business has since then been greater than envisaged and the Company […]

  • 26 July 2013

    French energy giant Total said it adjusted net income was 2,699 M€ in the second quarter 2013 compared to 2,7 91 M€ in the second quarter 2012, a decrease of 3%. Cash flow from operations was 3,706 M€ in the second quarter 2013, compared to 6,167 M€ in the second quarter 2012. Commenting on the […]

  • 9 November 2018
    Business & Finance, Project & Tenders

     With the building permit for the adaptation of the fairway obtained, the actual work to facilitate access to the Port of Hamburg can now begin. In its latest video, the Hamburg Port Authority (HPA) explains how the fairway from the port to the mouth of the Elbe will be deepened and widened in some places, […]

  • 15 August 2017
    Business & Finance

    Cash-strapped offshore driller Seadrill has amended the term credit facility provided to its subsidiary Seadrill Eminence Ltd. to mature on September 14, 2017, thus getting more time for restructuring plan talks with its banks.  The driller, which has been in talks with creditors for months, said on Tuesday that the amendment was implemented by way […]

  • 3 July 2014

      Statoil said it is divesting equity in blocks 38 and 39 in the Kwanza basin offshore Angola. “The transactions are part of Statoil’s continued optimisation and portfolio adjustments process. We do this to maximise value of core assets. The transactions will allow Statoil to unlock capital ahead of an extensive drilling campaign in the […]

  • 3 July 2014
    Business & Finance, Operations & Maintenance

    Statoil is divesting equity in blocks 38 and 39 in the Kwanza basin offshore Angola. “The transactions are part of Statoil’s continued optimisation and portfolio adjustments process. We do this to maximise value of core assets. The transactions will allow Statoil to unlock capital ahead of an extensive drilling campaign in the Kwanza basin,” says […]

  • 6 December 2011
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed, subject to final board and bank financing approvals, to amend the terms of the long-term chartering agreements with Frontline Ltd. This will happen concurrently with a proposed recapitalization of Frontline, where some of their assets will be sold and a significant capital commitment relating to […]

  • 9 May 2013

    Apache Corporation reported first-quarter earnings of $698 million, or $1.76 per diluted common share, and adjusted earnings, which exclude certain items that impact the comparability of operating results, of $806 million or $2.02 per share. During the first quarter, worldwide production increased to 781,819 barrels of oil equivalent (boe) per day driven by a 45 […]

  • 17 March 2020
    Business & Finance

    The European Marine Energy Centre (EMEC) has said that due to the global COVID-19 (coronavirus) pandemic, as of today, 17 March 2020, the Orkney Renewable and Innovation Campus (ORIC) will restrict public access to the Robert Rendall and Charles Clouston buildings. All planned visits to EMEC have been canceled and the measures have been put […]

  • 2 October 2012
    Business & Finance

    To strengthen its three business areas’ leading position, Cargotec announced in September that it will develop its governance model towards an organisation driven by three business areas Marine, Terminals and Load Handling. The role of Cargotec’s global support functions and corporate functions is planned to be restructured towards a holding type of company structure to […]

  • 17 November 2017
    Business & Finance

    Despite the qualified planning approval granted in 2012 and the February 2017 decision of the Federal Administrative Court, the Port of Hamburg is still waiting for work to begin on the dredging of the Elbe River. “Adjustment of the fairway is essential for Hamburg and should at last be put into effect. Higher draft and […]

  • 16 February 2015
    Business & Finance

    The CKYHE alliance between the Asian liners COSCON, ”K”Line, Yang Ming, Hanjin and Evergreen Line is reorganizing their service network for Asia-North Europe and Asia-Mediterranean trades in 2015. CKYHE Alliance will provide six Asia-North Europe services (NE2/NE3/NE5-CEM/NE6/NE7/NE8-CES) and three Asia-Mediterranean services (MD1/MD2/ADR) with the port coverage throughout Asia, North Europe, East Mediterranean, West Mediterranean and […]

  • 11 June 2014
    Business & Finance, Equipment, Project & Tenders

    Vallourec, a provider of premium tubular solutions, has announced an update of its 2014 guidance, following a significant temporary reduction in demand for its Oil & Gas operations in Brazil and in EAMEA. In Brazil, Petrobras has decided to eliminate most of its tube inventories by year end, while maintaining its drilling plans. This will be […]

  • 27 July 2006

    ANCHORAGE, Alaska — The Cougar Ace was thrown sideways when the massive ship’s ballast tank was adjusted in the open seas of the North Pacific, a representative of the vessel’s owner said yesterday. “There clearly was imbalance in the intake of ballast water. The company investigation ultimately will tell us what caused that imbalance,” said […]

  • 14 March 2019
    Business & Finance

    Maersk Tankers uses Bunker Adjustment to distribute payments to pool partners based on vessels’ bunker consumption.

  • 28 April 2016
    Business & Finance

    The full details of Governor Pat McCrory’s proposed budget adjustments for the 2016-17 Fiscal Year have been released. The governor’s proposal invests in crucial areas including education, public safety, health and human services and infrastructure. “Our balanced budget invests in key priorities that benefit all North Carolinians by strengthening education, enhancing public safety, improving the […]

  • 14 October 2016
    Business & Finance

    As a direct consequence of persistently poor market conditions, Royal IHC, supplier of maritime equipment, is fine-tuning its strategy. IHC remains as committed as ever to boosting its knowledge-intensive activities, as is already happening in IQIP, Mission Equipment and Services. Responding to market demand, activities in the Netherlands will focus on creating added value for […]

  • 10 September 2020
    Infrastructure, Ports & Logistics

    Port of Hamburg, Germany, has just announced that the fairway adjustment of the Elbe River is on its home stretch. In the final stage this week, the cutter-head suction dredger (CSD) Fernão de Magalhães – owned by Jan De Nul – will do the remaining work on the Elbe river bed. According to the port, […]

  • 15 September 2009

    US-based ship recycling news source, GMS Weekly, is predicting that ship recycling prices per long ton lightweight will decrease in India and Pakistan in the coming weeks. “A couple of weeks ago, Chinese levels fell in excess of US$20/ton and with Bangladesh softening this week, it is only a matter of time before both India […]

  • 4 February 2006

    This week crews at the the Santa Cruz harbor will begin dredging the upper harbor, an annual effort to clear the channel.